ALFA, S.A.B de C.V. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2018
October 17, 2018 at 09:02 pm EDT
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ALFA, S.A.B de C.V. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net sales of MXN 93,940 million compared to MXN 76,235 million a year ago. Operating income was MXN 7,627 million compared to loss of MXN 5,367 million a year ago. Loss before provisions for income tax was MXN 3,187 million compared to income of MXN 2,759 million a year ago. Consolidated net income was MXN 1,945 million compared to loss of MXN 7,426 million a year ago. EBITDA was MXN 12,638 million compared to MXN 7,134 million a year ago. Earnings per share were USD 0.01 compared to loss per share of USD 0.07 a year ago. Capital expenditures & acquisitions were USD 198 million compared to USD 326 million a year ago. Net debt was USD 6,901 million compared to USD 6,545 million a year ago.
For the nine months, the company reported net sales of MXN 273,528 million compared to MXN 236,282 million a year ago. Operating income was MXN 23,205 million compared to MXN 5,748 million a year ago. Loss before provisions for income tax was MXN 6,265 million compared to MXN 1,720 million a year ago. Consolidated net income was MXN 11,056 million compared to loss of MXN 587 million a year ago. EBITDA was MXN 37,555 million compared to MXN 27,561 million a year ago. Earnings per share were USD 0.09 compared to loss per share of USD 0.02 a year ago. Capital expenditures & acquisitions were USD 1,034 million compared to USD 851 million a year ago.
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.
ALFA S.A.B. DE C.V. 
